How would you best record a home in Money Dance?

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banks1281

12 Apr, 2021 09:08 PM

I've always had my house as a bank account in MD. It doesn't work classified that way because it's listed as cash overall in my portfolio. It's been this way for years. What is the best way to categorize a home in MD? List it as an asset, by setting up a new account?

thanks.

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  1. Represent Property as Investment

    You can record the value of a property or your home, and update its value as the market changes.

    To do this, you will treat the property as a security within an investment account.

    • Create a new Investment account by selecting Account --> New Account.

    • Set the 'Initial balance' as the purchase price of the house.

    This will create an investment account, with enough cash in it to buy the propert...

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  1. banks1281 closed this discussion on 12 Apr, 2021 09:11 PM.

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